Equal-expenditure purchases: A person spends ₹36 at each of five markets, where prices per orange are ₹1.00, ₹1.50, ₹1.80, ₹2.00, and ₹2.25. Find the average price per orange across all oranges bought.

Difficulty: Medium

Correct Answer: ₹ 1.58

Explanation:


Introduction / Context:
When spending equal amounts at different prices, the number of items purchased varies inversely with price. The overall average price equals (total spent) / (total items), which simplifies using reciprocals of the prices (a harmonic-mean style setup weighted by equal expenditure).


Given Data / Assumptions:

  • Spend per market = ₹36 (five markets)
  • Prices: ₹1.00, ₹1.50, ₹1.80, ₹2.00, ₹2.25 per orange


Concept / Approach:
Total oranges = Σ(36 / price). Total spend = 5 * 36. Average price = (total spend) / (total oranges) = 5 / Σ(1 / price).


Step-by-Step Solution:

Σ(1/price) = 1/1 + 1/1.5 + 1/1.8 + 1/2 + 1/2.25= 1 + 0.666666... + 0.555555... + 0.5 + 0.444444... = 19/6Average price = 5 / (19/6) = 30/19 = ₹1.5789... ≈ ₹1.58


Verification / Alternative check:
Compute total oranges explicitly: 36, 24, 20, 18, 16 → total 114 oranges for ₹180 → 180/114 = ₹1.5789..., same result.


Why Other Options Are Wrong:

  • ₹1.91, ₹2.00, ₹1.80, ₹1.70: do not equal 30/19 to two decimal places.


Common Pitfalls:
Averaging prices directly (arithmetic mean) without accounting for different quantities obtained at each price due to equal spending.


Final Answer:
₹ 1.58

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